Letter to Plastic2Oil Stockholders from Richard Heddle, Chief Executive Officer
Mar 8th, 2016
Converting Waste Plastic to Ultra-Clean, Ultra-Low Sulphur Fuel
Plastic2Oil® is a clean energy company that recycles waste plastic into liquid fuels. PTO's proprietary Plastic2Oil® technology can deliver economic and environmental benefits by replacing refined fuels and diverting waste plastic from landfills. More
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Processor No. 3 OnlinePlastic2Oil® successfully brings its third P2O processor online at the Company's Niagara Falls, NY facility. More |
The P2O AdvantageWith its revolutionary Plastic2Oil (P2O) technology, Plastic2Oil Inc. has pioneered the development of a process that derives ultra-clean, ultra-low sulphur fuel, directly from unwashed, unsorted waste plastics.More |
Bordynuik ASME PaperThe American Society of Mechanical Engineers publishes a paper by John Bordynuik on the viability of diesel production with P2O. More |
Global Vision ... Local Impact
In the mid-1990s, when the founder of Plastic2Oil® was working at the Ontario Legislature he began to notice a trend: an increase in plastic waste resulting from growing plastic generation ... without recycling. Thinking forward, as he so often does, he saw the seed of an enormous problem looming.
In the ensuing 15 years, the problem he foresaw has manifested. Because of the new "disposable mentality" that came with plastic containers, we now are navigating the fallout of an enormous waste plastic problem, on a global scale. It's complex, it's far-reaching and it's intimately tied to politics and economics.
The nugget of the problem that he had been thinking about all these years was what to do with the plastic waste we now generate – in the US alone, over 31 million tons a year are generated with only approximately 8% being recycled (2010).
Over the years, there have been various solutions proposed – diversion, burning, etc.; however, nothing to date has proven to be a truly effective or environmentally responsible solution to the burgeoning global landfill problem. In fact, many existing solutions have been just the opposite: costly, energy inefficient or equally as harmful to the environment as the plastic itself. It's only now, with the Plastic2Oil technology, that there is a solution that is not only economically viable, but that is remarkably simple and "green" as well.
